Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Attention: A Well-Known Scammer Is Reportedly Launching a New Altcoin – Here’s the Token to Avoid

Attention: A Well-Known Scammer Is Reportedly Launching a New Altcoin – Here’s the Token to Avoid

BitcoinsistemiBitcoinsistemi2025/03/16 16:00
By:Mete Demiralp

It is reported that a name that was previously behind the LIBRA and MELANIA tokens is launching an altcoin again. Here are the details.

Hayden Davis, head of the LIBRA project and a fugitive wanted by Interpol, has launched a new cryptocurrency called WOLF, according to blockchain analysis firm Bubblemaps.

This announcement comes just days after rumors spread that Jordan Belfort, known as the “Wolf of Wall Street,” was preparing to launch a token of the same name.

Bubblemaps teamed up with YouTuber Coffeezilla to investigate the origins of WOLF and found striking similarities to HOOD, another token previously released by Davis. The firm’s analysis suggests that the designer of the WOLF token has direct links to Davis’ known addresses.

On March 8, the well-known online community WallStreetBets introduced a WOLF token that quickly gained traction in the market. Bubblemaps identified the following key events:

  • The developer of WOLF purchased the token before other investors using multiple wallets.
  • The token's market value skyrocketed to $40 million before an alleged rugpull scam.
  • 82% of WOLF’s supply was controlled in a packaged structure, raising red flags regarding its legitimacy.
  • The WOLF founder, identified by the address 6MsuHd, was connected via 17 intermediary addresses and 5 cross-chain transfers.
  • All transfers were ultimately routed to a single address named OxcEAe, which was previously attributed to Hayden Davis.
Related News Bitcoin Prophecies from BitMEX Founder Arthur Hayes: "The FED Will Print More Money Than Anyone Has Ever Printed," Predicts BTC Price

The transactions suggest that Davis was moving funds around months before the LIBRA and WOLF launches, likely in an attempt to conceal his involvement. Bubblemaps speculates that Davis may have thought his activities would go unnoticed due to the complexity of the fund transfers.

*This is not investment advice.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!